Previous revelations in Sarawak Report have proved that Mahmud Taib, the eldest son of the Chief Minister, was also an original Director of Sakto in Canada, formed in 1983, along with his sister Jamilah and their uncle Onn Mahmud, the Chief Minister’s brother.

Court Admissions

The Sakti court deposition goes on to admit that Mahmud Taib, who is now Chairman of CMS Sarawak, was later succeeded by his younger brother Sulaiman Abdul Rahman Taib as “sole officer and director of Sakti”. Sarawak Report also has documents to show that he was also the sole officer of Wallyson’s (see below).

When Sakti was incorporated in 1987 Mahmud Taib was 27 years old and his brother Rahman Taib was just 20. However, the youthful brothers were supported in their roles by the involvement of other close family members.

Two of the Chief Minister’s brothers (Mahmud Taib’s uncles) joined him as the original directors of the company. The deposition by Sakti says “[The] Defendants admit that the original members of Sakti’s Board of Directors were Onn Mahmud, Arip Mahmud and Mahmud Taib”.

Shareholders

Equally significantly Sakti admits that the shareholders of Sakti are all the Chief Minister’s own children or his brothers. The document deposited by Sakti International Corporation states “the original shareholders of the company were Mahmud Taib, Onn Mahmud, Jamilah Taib, Arip Mahmud, and Rahman”.

Boss of the FBI Buildng – Rahman Taib

It goes on to confirm that “Mahmud Taib, Onn Mahmud, Jamilah Taib, Arip Mahmud and Rahaman are still shareholders of Sakti Holdings” (the company into which the shares have been moved)

Sarawak Report can therefore categorically verify that Sakti in the US, like Sakto in Canada, was set up and originally managed exclusively by the Taib family, who provided the original US shareholder investments.

The involvement of Sean Murray, the current Manager of Sakto and Sakti, began only after his marriage to Jamilah Taib and in fact he succeeded Rahman Taib as the Manager of Sakti only in 2006.

Sarawak Report therefore invites Mr Murray to declare whether he currently holds any shareholdings in the companies he directs, or if he is merely an employee of his wife’s family.

Sarawak Report also invites the Taib family to explain how between 1983 and 1987 they were able to invest millions of dollars in the setting up of two property companies in Canada and the US?

Sole Officer and Director Rahman Taib and his parents, the Chief Minister and Laila Taib

The combined portfolios are now worth at at least US$200,000,000.

Of the original shareholders, Jamilah, Rahman and Mahmud (the children of Chief Minister Abdul Taib Mahmud) were in their early twenties and at college at that time, while the other two shareholders, Arip and Onn, are the Chief Minister’s brothers.

If the money was all coming from the two uncles, who are purported to be businessmen, then their generosity in including the Chief Minister’s children, rather than their own, in these shareholdings is surely most surprising?

Time for some answers

Sarawak Report believes that the people of Sarawak deserve an immediate explanation of these facts from Chief Minister, Abdul Taib Mahmud.

260 California Street, San Francisco – another Taib Office Tow

The Chief Minister should instantly reveal whether he holds or once held a stake in these companies in North America and if any of the money invested was provided by him.

If Taib Mahmud is the beneficial owner of any of the shares in these companies the Sarawak taxpayer is entitled to know he obtained them. Malaysia’s law enforcers should be enquiring on their behalf.

The FBI should also be willing to issue a statement enlightening the public about the ownership of the building they occupy.

As joint defendents in the California court case Wallyson’s and Sakti International admitted that the owner of Wallyson’s Incoporated is a company called Rodinmass, which is registered in the British Virgin Islands.

It is inconceivable that the FBI did not check who the owners of Rodinmass were, given the sensitivity of this building.

Since the sole officer of Wallyson’s was Rahman Taib, Sarawak Report contends that the owners and shareholders of Rodinmass are, like with Sakti International, the Taib family. Our information is that Laila Taib was the majority shareholder of Rodinmass.

Top tenant

Taib’s wife, brothers and children are all linked to these North American companies.

It is for Taib to now demonstrate that somehow he is not also linked as a beneficial owner of these lucrative properties.

Sarawak Report would like to thank its subscribers for their enthusiastic response and will be investigating a number of the issues they have raised. Your feedback is appreciated and our investigations are on-going.

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